Bank of Montreal Can Purchases 59,256 Shares of TotalEnergies SE (NYSE:TTE)

Bank of Montreal Can lifted its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 484,854 shares of the company's stock after acquiring an additional 59,256 shares during the quarter. Bank of Montreal Can's holdings in TotalEnergies were worth $26,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TTE. Raymond James Financial Inc. acquired a new stake in shares of TotalEnergies during the 4th quarter valued at about $156,044,000. Franklin Resources Inc. raised its holdings in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Barclays PLC boosted its holdings in TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after purchasing an additional 490,187 shares in the last quarter. Federated Hermes Inc. increased its position in TotalEnergies by 19.5% during the fourth quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after buying an additional 471,291 shares during the last quarter. Finally, Equity Investment Corp lifted its position in shares of TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after buying an additional 196,277 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

TotalEnergies Stock Performance

Shares of TTE stock traded up $0.57 during mid-day trading on Monday, reaching $56.80. The stock had a trading volume of 1,265,890 shares, compared to its average volume of 1,580,722. TotalEnergies SE has a one year low of $52.78 and a one year high of $74.97. The firm has a market cap of $136.19 billion, a PE ratio of 8.53, a P/E/G ratio of 0.98 and a beta of 0.45. The firm's 50 day simple moving average is $60.91 and its 200 day simple moving average is $60.30. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TTE. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Scotiabank lowered their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday. Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, TotalEnergies presently has an average rating of "Moderate Buy" and an average target price of $69.42.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.